Ken Fisher: "I've been bullish for a long time, and I continue to be exceptionally bullish. I think the global stock market has another 60% to go before this bull market is over. That's a lot more than most people would look for."
The issue that I've talked about for a long time now is that for the first time in modern history, the earnings yield of the market, or the inverse of the price-to-earnings ratio, is above each country's bond yield.
The longer this goes on, the more CFOs and CEOs learn to do what private equity firms are trying to teach them, which is to borrow long-term money at approximately 6%, which would cost something like 3.6% after taxes.
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The issue that I've talked about for a long time now is that for the first time in modern history, the earnings yield of the market, or the inverse of the price-to-earnings ratio, is above each country's bond yield.
The longer this goes on, the more CFOs and CEOs learn to do what private equity firms are trying to teach them, which is to borrow long-term money at approximately 6%, which would cost something like 3.6% after taxes.
Read the complete article
